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Cheap Studio Apartments for Rent in the Chicago Loop Neighborhood of Chicago, IL from $1,147 (30 Rentals)
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from $1,249Studio Apartments Available Now
Gramercy Row Apartments
660 N Dearborn StChicago, IL 60654
431 S Dearborn St
ChicagoIL60605
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from $1,550Studio Apartments Available May 1
Pittsfield Apartments
55 E Washington StChicago, IL 60602
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from $1,625Studio Apartments Contact Us For Availability
Fisher Building Apartments
343 S Dearborn StChicago, IL 60604
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from $1,709Studio Apartments Available Jun 1
820 Michigan by 3L Living
820 S Michigan AveChicago, IL 60605
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from $1,760Studio Apartments Available Now
330 S. Wells St
330 S Wells StChicago, IL 60606
188 N Wells St
ChicagoIL60606
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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from $1,805Studio Apartments Available Now
Lake and Wells
210 N Wells StChicago, IL 60606
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from $1,849Studio Apartments Available Now
River City Apartments
800 S Wells StChicago, IL 60607
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from $1,875Studio Apartments Available Now
Millennium Park Plaza
151-155 N Michigan AveChicago, IL 60601
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from $1,895Studio Apartments Available Now
The Bush Temple
800 N Clark StChicago, IL 60610
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Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms
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from $1,980Studio Apartments Available Now
West77 Apartments
77 W HuronChicago, IL 60654
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Showing Results 1-30, Page 1 of 1
Chicago Loop, Chicago, IL Local Guide
Overview by bz3rk is licensed under CC BY 2.0
How much does it cost to rent an apartment in Chicago Loop?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
Chicago Loop Studio Apartments | $2,713 | $1,147 | $7,097 |
| Chicago Loop 1 Bedroom Apartments | $3,455 | $1,715 | $9,145 |
| Chicago Loop 2 Bedroom Apartments | $5,189 | $1,895 | $10,000+ |
| Chicago Loop 3 Bedroom Apartments | $7,950 | $1,899 | $10,000+ |
| Chicago Loop 4 Bedroom Apartments | $5,476 | $1,699 | $10,000+ |
Explore Chicago
Chicago Loop, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
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Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Getting Around the Chicago Loop Neighborhood in Chicago, IL
Walk Score®
100 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
81 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
100 / 100
Rider’s Paradise
World-class public transportation
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Chicago Loop Apartments
What is a cheap apartment in Chicago Loop?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chicago Loop is under $1,876.
What is the price of a cheap apartment in Chicago Loop?
The cheapest apartment in Chicago Loop is Gramercy Row Apartments which is listed at $1,390, while the average apartment in Chicago Loop costs $6,340.
What types of apartments are the cheapest in Chicago Loop?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 96 regular apartments in Chicago Loop that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Chicago Loop?
Cheap apartments in Chicago Loop have an average cost of $529 which is $5,811 cheaper than the average rent for all rentals in Chicago Loop.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.